Solar Panel Cost Guide in Silverthorne, CO (2024 Update)

  • Silverthorne Solar Installation Cost: $14,684
  • 25-Year Savings: $17,486
  • Payback Period: 13.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Silverthorne

We go over average solar pricing in Silverthorne.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Silverthorne, the typical cost of a solar system is 4 per watt.The average Silverthorne homeowner needs a 5.3-kilowatt system, which would cost about $14,684 with the federal tax credit, or $20,998 before the 0 tax credit is applied.

These figures are only estimates, and your own solar costs may look different based on your specific situation and what company you choose to go with.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Silverthorne see about $20,000 in savings on electricity bills over 20 years.

You can click the button below to get connected with a top solar installer in Silverthorne for a quote for your home.

Solar savings over time in Silverthorne

Year Return on Investment
1 years $-13,716
3 years $-11,780
5 years $-9,844
7 years $-7,907
9 years $-5,971
11 years $-4,035
13 years $-2,099
15 years $-163
17 years $1,774
19 years $3,710
21 years $5,646
23 years $7,582
25 years $9,518

Top Solar Installers in Silverthorne

Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring a solar company can make switching to solar power much easier. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.

If you’d like to start using solar energy but still aren’t certain which solar system company to go with, here are our recommendations for providers in Silverthorne:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Silverthorne

Factors that Affect Solar Panel Costs in Silverthorne

For many Silverthorne homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Silverthorne, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.There are several different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Most solar installers in Silverthorne offer solar loans, which reduce your upfront costs of installing solar.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

The solar company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Silverthorne, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $4.14 $17,385 $13,819 13.9 years
8 kW $4.06 $22,734 $18,871 13.7 years
10 kW $3.98 $27,860 $24,146 13.4 years
12 kW $3.90 $32,763 $29,644 13.1 years
14 kW $3.82 $37,444 $35,365 12.9 years
16 kW $3.74 $41,901 $41,309 12.6 years
18 kW $3.66 $46,136 $47,475 12.3 years
20 kW $3.58 $50,148 $53,864 12.1 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:

  • Solar Panel Brands: The kind of solar panel you’d like to get plays a role in which installer you should choose, since different companies provide different panels.
  • Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
  • Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
  • Contract: When reading over your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Silverthorne, CO Solar Cost FAQs

How much does it cost to install solar panels in Silverthorne?

The average cost of solar panels in Silverthorne is about $19,900 for a 5-kW system and $39,800 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Silverthorne?

Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.

Is it worth going solar in Silverthorne?

Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.

How long do solar panels last in Silverthorne?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.

Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.

Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.

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